Retail Offer for up to £0.15 million

The Board of Gelion Plc (the "Company") is pleased to announce a retail offer via BookBuild (the "Retail Offer") through the issue of new ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares"). Under the Retail Offer up to 1,000,000 new Ordinary Shares (the "Retail Offer Shares") will be made available at a price of 15 pence per Retail Offer Share (the "Issue Price").

Capitalised terms used in this announcement (the "Announcement") have the meanings given to them in the Company's announcement released at 4:35 p.m. on 18 December 2024, unless the context provides otherwise.

In addition to the Retail Offer and, as announced earlier today, the Company proposes to raise £1.5 million (gross) through a placing and subscription of new Ordinary Shares (together with the Retail Offer Shares, the "New Shares") at the Issue Price. For the avoidance of doubt, the Retail Offer is not part of the Placing or Subscription. Completion of the Retail Offer is conditional, inter alia, upon the completion of the Placing and Subscription but completion of the Placing and Subscription is not conditional on the completion of the Retail Offer.

The Issue Price represents a discount of approximately 14.3 per cent to the closing share price of 17.5 pence per existing Ordinary Share on 18 December 2024 (being the latest practicable date prior to the date of this Announcement).

A separate announcement has been made regarding the Placing and Subscription and their terms and sets out the reasons for the Placing and Subscription and use of proceeds. The proceeds of the Retail Offer will be utilised in the same way as the proceeds of the Placing and Subscription, as announced earlier today.

The Fundraising is conditional, inter alia, on the New Shares being admitted to trading on the AIM market ("AIM") of the London Stock Exchange plc ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Shares will commence on AIM, at 8.00 a.m. on 24 December 2024.

Expected Timetable in relation to the Retail Offer

Retail Offer

The Company values its retail shareholder base, which has supported the Company alongside institutional investors since the Company's initial public offering. Given the support of retail shareholders, the Company believes that it is appropriate to provide its existing retail shareholders in the United Kingdom with the opportunity to participate in the Retail Offer. The Company is therefore making the Retail Offer available in the United Kingdom through the financial intermediaries which will be listed, subject to certain access restrictions, on the following website:

Cavendish Capital Markets Limited ("Cavendish") will be acting as retail offer coordinator in relation to the Retail Offer (the "Retail Offer Coordinator").

The Retail Offer will be open to eligible investors in the United Kingdom at 5:00 p.m. on 18 December 2024. The Retail Offer is expected to close at 4:30 p.m. on 20 December 2024. Investors should note that financial intermediaries may have earlier closing times. The Retail Offer may close early if it is oversubscribed.

There is a minimum subscription of £100.00 per investor under the terms of the Retail Offer which is open to investors in the United Kingdom subscribing via the intermediaries which will be listed, subject to certain access restrictions, on the following website:

There is no maximum application amount to apply in the Retail Offer except that the aggregate total consideration of the Retail Offer shall not exceed £150,000 and the Company has the discretion to scale back applications. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.

Corporate Finance Neil McDonald Seamus Fricker Adam Rae ECM/Sales Louise Talbot Graham Hall

The Company's LEI is 2138008NC7YL3MCUDR84.

UK Product Governance Requirements

EU Product Governance Requirements